TM1 9.0 Leverages Microsoft.NET, Brings Enterprise-wide Scalability to Performance Management
WESTBOROUGH, MA -- October 11, 2005 -- Applix, Inc., a global provider of single-platform solutions for business performance management (BPM) and business intelligence (BI), today introduced TM1 9.0, which includes the latest version of TM1 Web, based on Microsoft’s .NET architecture.
The new features in TM1 9.0 deliver enterprise-class performance for simultaneous use by hundreds of financial analysts, line-of-business managers, and senior executives for Web-based business performance management activities and reporting. TM1 and its business performance management modules already provide more than 2,000 companies worldwide with analytics, reporting, planning, and budgeting capabilities.
“Business performance management tools are no longer the exclusive domain of the finance department,” said David Menninger, vice president, worldwide product management and marketing, Applix, Inc. “In the past 18 months, there has been a marked increase in demand for business performance management applications by operations, sales and marketing, and senior management.”
Menninger added, “This trend means that business performance management tools must provide near-instant results, with minimal recalculation time, via the Web. As a result, Applix has rearchitected TM1 Web in Microsoft .NET to deliver lightning fast performance for large numbers of enterprise users.”
TM1 Web provides read, write, and what-if capabilities and quickly creates real-time Web-based worksheets ("Websheets") that support the functions, formatting, and graphic capabilities of Excel on the Web -- an environment widely understood by finance and business professionals alike. The .NET architecture of this new version combined with TM1 Web’s ability to publish Excel workbooks via eXtensible Markup Language (XML) will pave the way for TM1 customers to incorporate service-oriented architectures (SOA) and Web services in supply chains and extended customer and partner networks.
TM1 Web also incorporates ad hoc capabilities to view all the multidimensional TM1 cubes and work with that data via Web browsers. This means that power users, working locally or remotely, can perform all the activities and operations associated with business performance management and budgeting software. Users are able to revise assumptions in budgets and plans, run what-if scenarios, recalculate data to reflect new real-time information, and develop charts directly in a Web browser.
“By leveraging the power and extensibility of Microsoft’s .Net platform in TM1 Web, Applix has taken a significant step in enhancing deployment of real-time analytics to the enterprise,” said Steven Garno, co-founder of CarpeDatum Consulting Inc., an Applix solution partner. “The longstanding qualities of TM1 -- high performance and usability in robust read/write models -- are now delivered through TM1 Web to meet the demands of TM1 enterprise clients. This broadens the use of business modeling and analytics to every aspect of the company, for both internal and external customers.”
TM1 9.0 will be available at the end of October 2005.
Applix’s TM1 is a proven, multi-dimensional budgeting, planning, forecasting, consolidations, reporting, and analytics platform for powering strategic analysis of financial, transactional, operational, and other business data. TM1 has scored the highest rating in goal achievement, better decisions, and better reporting for the second year in a row, according to The OLAP Survey 4 (http://www.survey.com/olap) by independent analyst Nigel Pendse. Applix recently released TM1 Financial Consolidations to streamline journal entries, inter-company eliminations and other consolidation processes. The company also offers TM1 Planning Manager to provide workflow and compliance capabilities for all TM1-based applications, TM1 Financial Reporting for rapid and easy reporting applications and TM1 Web?, a Web-enabled front end for global and remote read/write capabilities of BPM and BI applications.
Applix (NASDAQ: APLX) is a global provider of business performance management and business intelligence solutions. These solutions, based on Applix’s TM1 analytics platform, enable the continuous planning, management and monitoring of performance across the financial and operational functions within the enterprise. For more information about Applix, please visit http://www.applix.com.
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include without limitation, competitive pressures, changes in customer demands, adverse economic conditions, loss of key personnel, litigation, potential fluctuations in quarterly results, lengthy sales cycles, market acceptance of new or enhanced products and services, factors affecting spending by customers and other risks, uncertainties and factors including those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2004 under the heading “Risk Factors” and its most recent Quarterly Report on Form 10-Q under the heading “Factors That May Affect Future Results.” The forward-looking statements provided by the Company in this press release represent the Company's views as of the date of this release. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, and these forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.
©2005 Applix, Inc. All rights reserved. Applix and TM1 are registered trademarks of Applix, Inc., TM1 Financial Consolidations,TM1 Planning Manager, and TM1 Web are trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners.